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Bulk share surged more than 1300 percent in four days

What could explain a price surge as big as USD 5 to USD 73 in an ailing bulk carrier over a period of just four days, asks Alphabulk. The analyst agency offers an explanation for the huge price jump logged before trading of the share was halted on Nasdaq in New York.

Photo: /ritzau/AP/Richard Dew/

What could cause a bulk carrier's 1,331 percent price surge over just four trading days in a carrier which has, to put it mildly, lived a tumultuous and high-risk existence on the edge of New York's Nasdaq exchange? 

That is the question Alphabulk posed in its analysis titled 'Dead Cat Bounce', which refers to a temporary recovery in share prices after a substantial fall prompted when speculators seek to recover their positions by buying up.

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